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The Latest Breaking News from the Adani Group

Adani Group shares plunge by double digits after U.S. accuses Indian billionaire Gautam Adani of bribery

Shares in Adani Enterprises, the group’s flagship company, fell by over 20%, helping erase an estimated $15 billion from Gautam Adani’s net worth.

Fortune

Congress for JPC probe into alleged bribery charges against Adani in US

After a US District Court in New York charged the Chairman of the Adani Group, Gautam Adani, linking him and others to an alleged bribery and fraud scheme. Read further on Dynamite News:

Dynamite News

India Opposition Leader Demands Tycoon Adani's Arrest After US Charges

Billionaire Indian tycoon Gautam Adani should be arrested after US prosecutors charged him with paying more than $250 million in bribes to secure lucrative government contracts, opposition leader Rahul Gandhi said Thursday.

International Business Times

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Adani’s US ‘arrest warrant’ over bribery: Foreign media points to ‘text trail, ties with Modi’

Update: At 1:41 pm on November 21, 2024, Adani Group-owned NDTV Profit published a report saying that the conglomerate denies the allegations against it and will seek legal recourse.

Newslaundry

Indian Billionaire Gautam Adani Indicted In US Fraud Scheme

Indian billionaire Gautam Adani and executives indicted in New York for alleged multi-billion-dollar fraud scheme involving solar power plant development.

Top News

US charges billionaire Gautam Adani with defrauding investors, hiding plan to bribe Indian officials

An Indian businessman who is one of the world’s richest people has been indicted in the U.S. on charges he duped investors in a massive solar energy project in his home country by concealing that it was facilitated by alleged bribery

The Independent UK

Gautam Adani was part of BJP-NCP talks, Ajit Pawar reveals in NL-TNM interview

Gautam Adani, the billionaire and chairman of the Adani Group, was part of political talks between the Bharatiya Janata Party and Nationalist Congress Party five years ago, Maharashtra Deputy CM Ajit Pawar said in an interview with Newslaundry and The News Minute. At the end of that episode, Ajit Pawar…

Newslaundry

‘Same promise for 25 years’: Locals as Adani’s Dharavi plan turns MVA’s rallying cry

The proposed Adani redevelopment project in Dharavi has become a contentious issue in Maharashtra’s high-decibel poll campaign. Amid the opposition’s allegations of the Adani Group being given preferential treatment under the NDA government, Shiv Sena (UBT) chief Uddhav Thackeray has promised to scrap the Dharavi project and this is gradually…

Newslaundry

Hafta letters: EY employee’s death, toxic work culture, journalism

Hello Abhinandan,I have been a big supporter of you and Newslaundry for the past two or three years. I especially love the collaboration with The News Minute and I am excitedly looking forward to the collaboration with East Mojo. I also have feedback. It may sting personally, but I hope…

Newslaundry

Kenya Airport Whistleblower Fears For His Life

Nelson Amenya caused an uproar by exposing secret talks for an Indian firm to take over Kenya's main airport.

International Business Times

Adani proxy’s $311 million frozen by Swiss authorities

Over the last three years, the Swiss authorities have frozen US $311 million (Rs 2,610.7 crore) belonging to a prominent associate of the Adani group for his role in money laundering, manipulation of the group’s stocks in the Indian markets, and forgery.

Newslaundry

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Dynamite News

Cong demands JPC inquiry on Hindenburg-Adani-SEBI row; Stages protest

The protest rally was held by Telangana Pradesh Congress Committee (TPCC) from Gun Park to the ED office in Hyderabad. Read further on Dynamite News:

Top News

Adani Group Faces Market Turmoil Amid Allegations

Adani Group faces billion losses after Hindenburg Research's accusations of offshore fund links.

The Hindu

Congress promises to set up parliamentary committee to probe violations of Adani Group

The Congress reiterated its position of setting up a joint parliamentary committee to investigate allegations of violations of rules by the Adani Group, if the party came to power at the Centre

The Hindu

Vizhinjam port gets ISPS certification from IMO; commercial operations likely to begin by September

The port is expected to begin the trial run of port operations in May by pressing barges loaded with containers, while officials with the Adani Group are hopeful of commencing the full-fledged commercial operations of the port by Onam.

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The Hindu

SEBI should not become another SBI, 'too scared to touch the sacred': Congress

Congress hopes SEBI won't delay Adani report, criticizes SBI; demands JPC investigation into alleged stock manipulation.

Dynamite News

TMC's Mahua Moitra to skip ED summons today, will campaign in her constituency

Trinamool Congress' leader mahua-moitra">Mahua Moitra will skip the Enforcement Directorate (ED) summons slated for today in a Foreign Exchange Management Act (FEMA) violation case linked to the cash-for-query scam. Read further on Dynamite News:

Dynamite News

ED issues 3rd summons to TMC's Mahua Moitra in FEMA case on Thursday

The Enforcement Directorate (ED) has issued a third summons to Trinamool Congress leader Mahua Moitra in connection with irregularities in a foreign exchange contravention case, asking her to join the probe on March 28. Read further on Dynamite News:

The Hindu

Adani Group announces investment of about ₹75,000 crore in Madhya Pradesh

The Adani Group will invest about ₹75,000 crore in Madhya Pradesh, including ₹5,000 crore in building the Mahakal Expressway between Ujjain and Bhopal.

The Hindu

ED summons Hiranandani Group promoters in FEMA case on Monday

Enforcement Directorate has summoned Niranjan Hiranandani and his son Darshan Hiranandani, the promoters of prominent Mumbai-based real estate developer Hiranandani Group.

The Hindu

Dharavi rehabilitation project: mapping of slum cluster in heart of Mumbai to begin soon

The Dharavi Redevelopment Project in Mumbai is set to begin mapping the slum cluster, with a survey to determine eligibility for rehabilitation.

The Hindu

Adani Group to invest ₹12,400 cr in Telangana in the coming years

Adani Group announces investments of ₹12,400 crore in Telangana for various projects including data centers and cement grinding unit.

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